Verb Technology Company Inc (VERB) 시세

There was a much bigger pop about 10 days ago based on chit chat on StockTwits and perhaps other social media.

The fundamentals of the company have not changed. It's still a lemonade stand losing millions every quarter with no prospects for improvement.

The Market.live home page continues to list upcoming events that actually took place in August. And who picked the color pallette for the TikTok upcoming shows? White on light pink and white on light blue is not a good choice if you expect people to be able to read the text. It looks like teenagers are running the business while Rory sits back and collects his huge checks,

This is up? I know it’s small but this should be on a relentless nonstop downward trajectory.

Rory was sitting on $ 17 million in cash as of June 30. As of the latest Q, the company's cash burn was $ 5 million a quarter.

If that cash burn continues at the same rate, the company can survive through next spring...paying RC almost $ 1 million a year.

Rory has no incentive to shut the company down while he has the ability to move money from the Verb bank account into his personal bank account.

Maybe they should but unlikely given the cash on hand they have left to burn through.

no reverse split because the company is closing down pretty plain and simple

It's been evident for years that Rory doesn't care about shareholders.

Remember when the CRM business was sold for several million dollars in cash and Rory said the company intended to use the proceeds to buy a revenue generating business (one of which had been identified and perhaps even named) but instead Rory used the money to pay back loans that he had made to the company?

Well the no questions taken at the 10 minute annual meeting (which I believe they have been dinged before on) may suggest they no longer give a shit.

That would technically put them out of compliance on that one as well.

Maybe Rory read my post from last Wednesday…

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175137011

Rory and the board of directors would be better off personally to forget the reverse split and let it go to the OTCBB to conserve cash so they all continue to collect their exorbitant (imo) salaries…

All these years you’d have to be blind not to know Rory couldn’t care less about common shareholders. If he did, he would’ve dramatically reduced his salary to conserve cash as much as possible. It would’ve also sent a message to common shareholders and Wall Street his number one priority is to the common shareholders; it’s quite obvious it isn’t, imo…

So they missed the October 2 deadline to affect the RS. If they don’t do it before this coming Monday they are at risk of delisting since they won’t meet the 10 day requirement prior to the October 21 deadline to be in compliance.

maybe they are trying to avoid a paper trail. it is wacky, though.

That doesn't make any sense, really. I mean...phone calls, texting, apps all exist if they want to send messages to one another.

The single share trades continue into the evening. So far there are over 50,000 of them.

a former poster here once said that it was naked shorts sending messages to one another about their intentions. i don't know if i agree with that, but who knows?

I don't usually look at intra-day trading but couldn't help but notice that every second there are at least 2 or 3 single share trades of VERB. There are more than 30,000 single share trades at this point in the day.

Who would do that and what is their goal?

The audacity of RC asking GFY people about their business model when there's no way that Rory could tell you what VERB's path to profitability is.

And don't confuse VERB's current business Not with the business model of a year ago. Or the business model of two years ago. Those business models are...no longer the focus.

And WTF is Rory is wearing on the GFY show? Did he lose a bet?

You know I love these excellent roasts. I wish the early die hards who left when it was clear they lost out weee around for their mea culpa. I’m sure they are observing this but just cannot comment for obvious reasons.

No product? How dare you spread such disinformation.

GoFundYourself, the latest brainchild of Rory and David Melzer is a breakaway hit! The first episode of GFY was posted to YouTube 10 days ago. Have you looked to see how many people watched it? The answer is (as of now) a whopping 353 views. And 59 people subscribed to the channel.

Put that in your pipe and smoke it.

You may ask what GFY has to do with VERB and that's a very good question because no one knows what it has to do with VERB because Rory has been silent on that subject. We know that GFY videos are available on the market.live web site and yes, it may be true that the GFY videos are the only new content posted on the site since July because market.live stopped livestreaming there with nary a word from CEO Rory Cutaia. Rory only likes to look at the positives. He doesn't ever talk about his failures except in the context of blaming others ("locked up capital markets", "people on message boards saying mean things", "short sellers looking to destroy the company")

Let me add that the twenty-somethings that appear on Market's TikTok channel are doing a spectacular job hawking $ 3 rings and $ 2 pieces of pink ribbon (all true, BTW) as they pronounce each item as "sooooo cuuuuuute." Look for revenue for the latest quarter to exceed $ 50,000 with gross margin of at least $ 10,000.

True the company's G&A is running $ 2 million a quarter and the loss for the latest quarter will be more than $ 1.5 million but if you were changing business models every 6 months you would be considered a "tech start up" that need some time to gain its footing. We saw how profitable the previous pivots became...when given sufficient time to gain an audience:

Bbooth
CRM
Market.Live

There are probably others but it's early on a Monday.

But to say that the company has no product is simply blasphemous.

/s

No product!

1:200 announced and the market cap is 7M+! No product!

NASDAQ says that shareholders have a right to ask questions during the annual meeting. Where does it say that the company can decide to not answer questions at the annual meeting and arbitrarily pick some date in the future to take questions?

NASDAQ should take notice of VERB's violation of the Exchange's rules.

I brought this up some time ago after Mullen got the Q&A violation. It was around the same. Unlike verb this 8K’d the violation and said they were going to have another meeting within the next 6 months and would take questions

Another reverse split coming. omfg 🤮

how is this even legal

they'll do the split as soon as possible, and the stock will be worth about 10 bucks. for a SHORT while. then the fun begins again. rory won't care as long as he steals another year of salary.

Wow wow wow.

Predictable though. This has many levels to punch through on the way down once the split is enacted.

On September 26, 2024, the Company’s Board of Directors determined to effect the reverse stock split of the common stock at a 1-for-200 ratio (the “Reverse Split”) and approved the filing of a Certificate of Amendment (the “Certificate of Amendment”) to the Articles of Incorporation of the Company to effect the Reverse Split.

Thoughts?

8-K out: https://www.sec.gov/Archives/edgar/data/1566610/000149315224038608/form8-k.htm

Item 3.03 Material Modification of Rights to Security Holders.

To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.

Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As disclosed below, Verb Technology Company, Inc. (the “Company”) held its annual stockholder meeting on September 26, 2024, at which stockholders voted to authorize the Company’s Board of Directors to effect a reverse stock split of the outstanding shares of common stock within one (1) year of September 26, 2024, at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-two hundred (1-for-200).

On September 26, 2024, the Company’s Board of Directors determined to effect the reverse stock split of the common stock at a 1-for-200 ratio (the “Reverse Split”) and approved the filing of a Certificate of Amendment (the “Certificate of Amendment”) to the Articles of Incorporation of the Company to effect the Reverse Split.

On September 27, 2024, the Certificate of Amendment to effect the Reverse Split, was filed with the Secretary of State of Nevada.

A copy of the Certificate of Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On September 26, 2024 the Company held its Annual Meeting of Stockholders via live webcast at www.virtualshareholdermeeting.com/VERB2024AM. A total of 61,709,221 shares of common stock representing 42.38% of the aggregate shares outstanding and eligible to vote and constituting a quorum were represented virtually or by valid proxies at the annual meeting.

Messrs. Rory J. Cutaia, James P. Geiskopf, Kenneth S. Cragun, and Edmund C. Moy were each elected as directors of the Company to serve until the Company’s 2025 annual meeting of stockholders.

The stockholders approved a proposal to authorize the board of directors to effect a reverse stock split of the outstanding shares of the Company’s common stock within one (1) year of September 26, 2024, at a specific ratio within a range of one-for-five (1-for-5) to a maximum of a one-for-two hundred (1-for-200) split, with the specific ratio to be fixed within this range by the board of directors in its sole discretion, without further stockholder approval.

The stockholders ratified the appointment of Grassi & CO., CPAs, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.

The final voting results on these matters were as follows:

Click the above link to read the results…

And, to the surprise of no one, after the annual meeting the BOD voted in favor of the 1:200 reverse split.

Just more proof that Rory Cutaia scams. What's more hilarious is the continued propaganda the obvious pumping scammers keep spewing everywhere. The righteous will prevail.

VERB annual meeting took less than 10 minutes. Besides the formalities there were votes on 3 proposals including authorizing the next reverse split at a ratio of up to 1:200.

The company is in violation of the NASDAQ rule that requires that the meeting be open to shareholder questions. The company's corporate counsel was on the call. You might think that competent attorneys would know this.

Shareholder Participation: Shareholders must have the opportunity to ask questions and make comments during the meeting, subject to reasonable time constraints and rules of order

Source: https://srfc.law/nasdaq-annual-meeting-rules-guide/#:~:text=Here%20are%20some%20of%20the,days'%20notice%20before%20the%20meeting.

Market.live on TikTok fails to show up???

The Market.live web site indicates that there is a 60 minute TikTok stream starting at 9:30 Pacific time. I went to the Market TT page at 10am Pacific and there is no livestream.

Did they not show up at all?

The virtual annual meeting is TODAY at 11am Pacific time (2pm Eastern).

VERB TECHNOLOGY COMPANY, INC. is hosting a Virtual Stockholder Meeting on Thursday, September 26, 2024 at 11:00 AM, Pacific Time, and the stockholders of record will be able to vote online during the meeting. If you would like to attend the virtual meeting and have your control number, please log in 15 minutes prior to the start of the meeting

Link: https://central.virtualshareholdermeeting.com/vsm/web?pvskey=VERB2024AM

Did you receive a control number via your broker?

What a joke this company is and has been. I still have shares, but looks ugly.

I kinda wish that gang that has been proven so absurdly wrong would show back up for their mea culpa. I know that’s just not the world we live in.

There was a guy who was here every day saying this no revenue, no product, no prospects company was worth 2B.

JR30 is part of the scam. It's that simple

In JR's way of thinking, the only way your opinion matters is if you buy shares in this disaster. Then y'all can commiserate.

I guess that's why you're stuck on a board with no financial interest in the company.

Here's a classic iHub post from the days when Rory at least pretended to care about shareholders:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140224276

SHAC videos? HAHAHAHAHAHA

I love it that Redspeed was cited as a source for some of that B.S. Redspeed is still touting the company over on iHang.

Rory now understands that the money people invested in his visions that has been burned up. Those people are in his rear view mirror. Other than his hugely inflated ego the only thing Rory cares about now are people who will put NEW money into his ventures. Of course he will promptly burn that money too all while he moans about the mean things people say about him here on message board and how the shorts are driving down the share price.

It's all so unfair.
/s

VERB below a nickel, thoughts?

Rory and the board of directors would be better off personally to forget the reverse split and let it go to the OTCBB to conserve cash so they all continue to collect their exorbitant (imo) salaries…

All these years you’d have to be blind not to know Rory couldn’t care less about common shareholders. If he did, he would’ve dramatically reduced his salary to conserve cash as much as possible. It would’ve also sent a message to common shareholders and Wall Street his number one priority is to the common shareholders; it’s quite obvious it isn’t, imo…

Easy answer: Because the insiders know that bringing in a couple of hundred $$ per day in gross margin by selling crap on TikTok vs. fixed costs of more than $ 30,000 per day is not a path to profitability.

The cash burn will continue with no prospects for a brighter future.

Why no insider buying at these supposedly ridiculous cheap prices?

VERB getting close to losing a nickel, absolutely no support anywhere, especially from company insiders including Rory…

Why no insider buying at these supposedly ridiculous cheap prices?

Yeah I saw the Friday pop. Wonder how many new stuckholders were created?

Same old story.

Did you follow the VERB trading action last Friday? Chatter over on Stock Twits was that the stock was going back to $ 1. The volume was crazy.

And, as you always say, the circus eventually leaves town. In this case, the circus was in town for just one day.

That’s going to leave a mark…

So much for that idea.

Heating up.

Got it

The hard questions should be directed at Rory.

As of now it looks like gross margin from the Temu crap being sold on the TikTok channel generates a couple hundred dollars a day in gross margin. And yet the company's overhead is more than THIRTY THOUSAND dollars each and every day.

How is that sustainable?

What is the path to being cash flow positive?

How can Rory show his face on the GFY "show" as a serial entrepreneur and "business titan" when every sector he has entered over the last 5+ years has been a total failure that collectively burned through more than $ 200 million of investor capital?

BTW, 24+ hours after GFY Episode 1 was posted to YouTube it still has fewer than 200 views. So throw another business idea onto the Rory Cutaia fire of failure.

Great hard roast.

Referring back to this: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160630420

Taking into account the 2023 1:40 RS your prediction was for VERB to be a $ 200 stock.

It's currently 7 cents.

So I guess I'm saying that Rory has failed you each new pivot is a bigger embarrassment than the prior.

So what are you saying?

Added a small position. Let's see if the casino is open.

Does Verb have legs?